Fed Holds Off On Interest Rate Cut Despite Trump Pressure—Here's What That Means
1. Federal Reserve holds interest rates at 4.25%-4.5% amid uncertainty. 2. Fed projects GDP growth down to 1.7%, unemployment rising to 4.4%. 3. Tariffs may impact inflation, affecting Fed's future decision-making. 4. Rate cuts anticipated later this year if inflation eases or if tariffs worsen. 5. Jerome Powell's upcoming press conference may clarify Fed's economic assessment.